Barclays launches new two-year fixed rates from 3.75%

Barclays has announced rate cuts across 32 mortgage products, and is now offering the lowest two-year fixed rate currently available on the market.

Available from tomorrow, Barclays is introducing a Premier two-year fixed rate purchase product at 3.75%, available up to 60% LTV with an £899 fee. A standard two-year fix at 60% LTV is reducing to 3.76% and a fee-free alternative is down to 4.03%.

At 75% LTV, two-year fixed rates start from 3.92% for the Premier product with the standard rate down to 3.93%.

Five-year fixed rates now start from 3.90% for a Premier rate at 60% LTV, 3.91% for the standard £899 fee rate and 3.99% fee-free.

At 95% LTV, five-year fixes have reduced to 4.03% with a fee and 4.14% fee-free.

Barclays has also reduced rates across its two and five-year Green Home rates, starting from 3.81%.

For remortgage, a Premier two-year fix at 60% LTV is down to 3.78% with the standard rate at 3.79%.

In Barclays' purchase and remortgage range with a £1,999 fee, two-year fixes have decreased to 3.79% at 60% LTV, 3.89% at 70% LTV and 3.99% at 75% LTV. 

Selected products in the bank's existing customer Reward range have also decreased, with two-year fixed rates now starting from 3.78% with a £999 fee